Getting Prepared to Set Up Your Debt Snowball Spreadsheet

Learn what preliminary steps to take to start your debt freedom journey.

Written by Heather Phillips Updated over a week ago

These are the four steps you’ll want to take to get prepared to start your debt freedom journey with the Tiller Debt Snowball Spreadsheet.

The Debt Snowball spreadsheet is meant to track debt payoff progress for debts like student loans, medical bills, high credit card balances, and personal loans from friends or family. If it doesn’t have a monthly interest rate or a minimum monthly payment it’s not a debt that you can track with this spreadsheet.

1. Look up your minimum monthly payments and interest rates

For the debts you want to pay off, organize your paper or online statements so you can easily reference the minimum payment due and the interest rates.

2. Confirm your debt accounts are connected to Tiller

Add the debt accounts, and the account you use to make payments (usually a checking account), to your Tiller Console under the Account Summary. You can easily track accounts you can’t link to Tiller (like a loan from a friend, or ones we can’t support) as well, and the steps for adding those are included below in this training.

If you have any issues connecting an account review this help article to troubleshoot and get help.

3. Decide on account nicknames (optional)

Edit the account nicknames for the accounts in the Account Summary. It’s an optional step, but it’s best to go ahead and pick an account nickname at the beginning and stick with it.

4. Create your Debt Snowball Spreadsheet

Create a new Tiller spreadsheet from your Tiller Console using the Debt Snowball Spreadsheet template.